Dow Jones EURO STOXX 50 Index MITTS (NYSE:MLB)
Industry: Financial
Mitchells & Butlers plc (M and B), incorporated in 2002, is an operator of managed pubs, bars and restaurants. The Company's predominantly freehold estate consists of approximately 2,000 sites spread throughout the United Kingdom and over 40 sites in Germany. M and B has two main retail operating segments: Pubs and Bars and Restaurants. The Pubs and Bars division consists of the Company's drinking-out and entertainment-led sites. As of the close of the fiscal year ended September 30, 2003 (fiscal 2003), it had 649 branded sites and 738 unbranded sites, all of which are managed. The Restaurants division consists of the Company's eating-out and accommodation-led sites, and includes 443 branded pub-restaurants such as Vintage Inns, Harvester and Toby Carvery, 86 unbranded pub-restaurants in residential areas and 64 brasserie restaurants in United Kingdom city centers under the brands All Bar One and Browns. There are also 43 sites in Germany. The Company's other activity is property development, which is undertaken by its subsidiary, Standard Commercial Property Developments Limited (SCPD). In addition to SCPD, the Company's other principal operating companies are Mitchells & Butlers Finance plc, Mitchells & Butlers Germany GmbH, Mitchells & Butlers Leisure Retail Limited, Mitchells & Butlers Retail Limited, Mitchells & Butlers Retail (No. 2) Limited and Mitchells & Butlers (Property) Limited. On February 4, 2003, the Company changed its name from Hackplimco (No. 111) plc to Mitchells & Butlers plc. On April 11, 2003, M and B acquired 100% of the issued share capital of Six Continents PLC following implementation of a court-approved Scheme of Arrangement under section 425 of the Companies Act 1985. On April 12, 2003, the Company acquired the leisure-retailing subsidiaries of Six Continents PLC. Pubs and Bars Residential key brands in the Pubs and Bars division are Ember Inns, Sizzling Pub Co. and Scream. Ember Inns are local pubs retaining their individual name, presented in a contemporary style and offering food and drink. They are normally in prominent locations, with extensive car parks, in residential areas and target a wide range of adults. Sizzling Pubs are also generally based in residential areas and aim to offer a great local drinking pub serving "value for money" food on hot (sizzling) skillets. Sizzling Pubs target those aged 25 and above and also cater to families. Scream, the Company's student pub brand in the United Kingdom, is located on or near university campuses and lodgings. City/town center key brands in the Pubs and Bars division are O'Neill's and Hollywood Bowl. O'Neill's is the Company's Irish bar brand that aims to offer the lively and fun atmosphere of the "Craic." It is located in city/town centers and also on suburban high streets. O'Neill's is targeted toward 18- to 35-year-olds. Hollywood Bowl offers 10-pin bowling, food, drink and amusement games facilities in a family-friendly environment. Hollywood Bowl's target audience consists of families, young people (aged 14 to 35), corporate groups and league bowling clubs. In addition to the key brands listed above, other brands in the Pubs & Bars division include Arena, Goose, Edward's and Flares. Arena are local pubs located generally in residential areas. Entertainment and activities play an important role, for example live bands and screens for sporting occasions. Goose sites are located in city centers and are traditional pubs offering food and drink. Edward's are generally spacious bars that aim to cater to lunchtime diners and provide DJ-led entertainment in the evening with a target audience of style-conscious 18- to 25-year-olds. Flares is a late night dancing and drinking venue with DJs playing 1970's retro music. Unbranded pubs and bars include individual "classic pubs" distinct in their own right, pubs grouped as a common operating format (which do not display a brand name, but have similar characteristics, such as menus and drinks stocking policy), indivi
As Of: 10/09 00:00 ET
*Quotes delayed by 20min.
BuyIns.Net Alerts for Symbol MLB
- No BuyIns.Net Alerts Available for MLB
Graphs for MLB
3 Month Graph
6 Month Graph
1 Year Graph
